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Dec 9, 2012
12/12
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note that the senator will chair a subcommittee in new jersey next monday, december 10, on super storm sandy. >> thank you for joining us. i would like to understand better an aspect of the review. the question that i have arises from the interest-rate assumptions and the environment that is used to determine the prevailing view about the value of the mutual mortgage insurance fund. more specifically, you observe the fact that, the lower the interest-rate environment, -- he walked through the mechanisms by which lower interest rates, while good for the economy overall, tend to have an adverse affect on the fund. my understanding is the review contemplates a low interest- rate environment. in that environment, the value of the fund is -$31 billion. are we in a low interest rate environment today? maintaining current policy a least three years or so should that be the prevailing environment assumption? >> you make a very important point in terms of the fact that the review was done not today but at a point with economic projections in july, over the summer. it is accurate that interest rates h
note that the senator will chair a subcommittee in new jersey next monday, december 10, on super storm sandy. >> thank you for joining us. i would like to understand better an aspect of the review. the question that i have arises from the interest-rate assumptions and the environment that is used to determine the prevailing view about the value of the mutual mortgage insurance fund. more specifically, you observe the fact that, the lower the interest-rate environment, -- he walked through...
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Dec 6, 2012
12/12
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according to mark sandy, chief economist at moody's analytics, without the f.h.a.'s counter cyclical support, and i quote, the housing market would have quit taking the economy with it. providing the backstop for mortgage credit when public services flee from the market has a cost. the losses at f.h.a. to stem from the new now prohibited down payment program, heavy losses in the first mortgage program, and losses -- loans made at the height of the crisis to prevent a collapse of the housing market. while they have already taken action to pretext the financial mortgage fund for single family loans from seeking federal funds, the f.y. 2012 report suggests that much more needs to be done to prevent such a draw. i want to hear more today about the administration's actions and proposals to minimize the risk to taxpayers stemming from their business and what safeguards are in place to ensure the quality and sustainability of the program. if the administration's actions and proposals will not be sufficient to restore f.h.a.'s fiscal health, i'm inclined to work with my col
according to mark sandy, chief economist at moody's analytics, without the f.h.a.'s counter cyclical support, and i quote, the housing market would have quit taking the economy with it. providing the backstop for mortgage credit when public services flee from the market has a cost. the losses at f.h.a. to stem from the new now prohibited down payment program, heavy losses in the first mortgage program, and losses -- loans made at the height of the crisis to prevent a collapse of the housing...
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Dec 26, 2012
12/12
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so there was a little bit of tension we haven't seen since before superstorm sandy. the cliff was pushed asunder for the moment. but i think this is a little bit of a sugar rush. i think we may see prices bounce higher in the next few months but the real big surge will come in the spring when it typically does. shibani: interesting, tom, we're so fiscal cliff-focused that international dynamics are still playing into things. i want to talk about that a little more. there was a report that couple out last month that the u.s. could be middle east energy independent sometime in 2035. what are your thoughts on that? >> you're probably referring to the report that said middle east independent. i'm not sure about 3025, i think by end of this decade we could become much less dependent on it. however if you have a collapse in prices let's say 25 or $30 that would change a lot of calculus. the oil shave revolution only works when the price of, let's say domestic crude is above $70 a barrel. so that is a threat there. shibani: that is interesting. you say depending upon where
so there was a little bit of tension we haven't seen since before superstorm sandy. the cliff was pushed asunder for the moment. but i think this is a little bit of a sugar rush. i think we may see prices bounce higher in the next few months but the real big surge will come in the spring when it typically does. shibani: interesting, tom, we're so fiscal cliff-focused that international dynamics are still playing into things. i want to talk about that a little more. there was a report that...
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Dec 7, 2012
12/12
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so over a month ago hurricane sandy brought our system to its knees. we experienced a level of destruction that is unprecedented in our 108-year history. there were eight flooded tunnels, 12 subway stations with major damage, some of them destroyed. we lost an entire bridge and a rare line serving a rock line in queens. and we have rail yards and maintenance shops underwater and damaged. just as the superstorm was unprecedented so was the level of our preparation. we shut down the entire system just for the second time in our 108-year history. as it turned out, even our preparation, would not actually, could not protected our entire system from the full-force of sandy's rather. what we saw was truly unbelievable. we watched more than 86 million gallons flood and rush into the two tubes. once sandy passed our top priority was to restore service as quickly and safely as possible. i could not be more proud of the workers and the labor and management who worked so well. we had buses up and running seven hours after the storm, nine hours after that we were
so over a month ago hurricane sandy brought our system to its knees. we experienced a level of destruction that is unprecedented in our 108-year history. there were eight flooded tunnels, 12 subway stations with major damage, some of them destroyed. we lost an entire bridge and a rare line serving a rock line in queens. and we have rail yards and maintenance shops underwater and damaged. just as the superstorm was unprecedented so was the level of our preparation. we shut down the entire system...
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Dec 28, 2012
12/12
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the senate tomorrow will consider the sandy supplemental legislation. hopefully they will pass that tomorrow or by saturday. certainly, the house of representatives needs to address that supplemental to give relief to those that were savaged by sandy in the worst storm that has hit the northeast perhaps in history. the violence against women act passed senate overwhelmingly, something that we could work on today. the farm bill expires on december 31. milk prices will spike substantially if that bill is left to expire. mr. cantor indicated that would be addressed before we left here at the end of the 112th congress. that is some six days, a week off, four days until december 31, obviously. the foreign intelligence surveillance act, to continue making this country safe and secure and empower our people to protect us from those who would harm us, that bill is being considered on the senate today on the floor. the senate is here working. the house is not. we had a pro-forma session -- a session without substance or solutions. postal reform passed overwhelmi
the senate tomorrow will consider the sandy supplemental legislation. hopefully they will pass that tomorrow or by saturday. certainly, the house of representatives needs to address that supplemental to give relief to those that were savaged by sandy in the worst storm that has hit the northeast perhaps in history. the violence against women act passed senate overwhelmingly, something that we could work on today. the farm bill expires on december 31. milk prices will spike substantially if that...
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Dec 15, 2012
12/12
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it has been reported that 20 children died in the school massacre at sandy hook elementary. participants called on president obama to address gun violence in the nation. this is about 5 minutes. >> today is the day. today is the day. today is the day. today is the day. before we offer our last prayer, we will pause for a moment of silence. we will ask you to lift the scandals as a prayer to the beautiful innocent children that have lost their lives today. to the adults teaching them, let us pause for a moment of silence. let us lift up our candles as a light shining in darkness, as a light shining in darkness across this country that we can change the worst conditions of our country's. together we can change the pain into joy. together we can change the saar into gladness -- the sorrow into gladness. today we can change this moment together. left of those lights. with them high. but our light shine so everyone can see that today is the day. mr. president, we are calling on new, citizens who voted for you, who gave you another term to lead us by the state of the union address
it has been reported that 20 children died in the school massacre at sandy hook elementary. participants called on president obama to address gun violence in the nation. this is about 5 minutes. >> today is the day. today is the day. today is the day. today is the day. before we offer our last prayer, we will pause for a moment of silence. we will ask you to lift the scandals as a prayer to the beautiful innocent children that have lost their lives today. to the adults teaching them, let...
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Dec 14, 2012
12/12
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let's look at sandy. the damage done by sandy, $60 billion. a cyber attacks on the power grid in the energy sector could do that. that is to the tune of $50 billion if not more. imagine the entire northeast been shut down with no power. it takes you back to primitive times. that is why these issues are so serious. the legislation is so important because we want the information given to the private sector so they can protect themselves in advance. >> any thoughts on the active defense? i think we should have the conversation on cyber. we have not clearly articulated this tragedy. we will never fire wall our way out of this. the initiative remains with the attacker. the rest of the world knew what our capability was. what good is having a doomsday machine that no one else got it? that is the idea. on the active defense, any thought there? >> we have spent a lot of time debating this. america would be proud, we have spent wrestling what could be a very difficult issue if we do not get it right. on at the defense there are really to quotients. the
let's look at sandy. the damage done by sandy, $60 billion. a cyber attacks on the power grid in the energy sector could do that. that is to the tune of $50 billion if not more. imagine the entire northeast been shut down with no power. it takes you back to primitive times. that is why these issues are so serious. the legislation is so important because we want the information given to the private sector so they can protect themselves in advance. >> any thoughts on the active defense? i...
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Dec 26, 2012
12/12
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so blame superstorm sandy. if it is worse than everyone is predicting then perhaps you could blame the fiscal cliff. lori: i think adam might take you out for glass wine after the show. >> we could drink. tracy: we should go shop first, really good sales. >> probably line. there are good sales online. tracy: learn so much about your colleagues. love it. lori: so what happens to america's credit rating if we do go over the fiscal cliff? you will recall last year's debt ceiling debacle resulted in standard & poor's stripping the u.s. of its top rating and now fitch is warning of a possible review. joining us now to discuss this possibility and the ramification senior editor with "the national review" and former campaign manager for dick gephardt's presidential campaign. welcome to you both. ramesh i begin with you. one. topics lost in the shuffle in the fiscal cliff negotiation we're perilously close to running up against the debt ceiling again. what do you think should happen with the debt ceiling? are you reall
so blame superstorm sandy. if it is worse than everyone is predicting then perhaps you could blame the fiscal cliff. lori: i think adam might take you out for glass wine after the show. >> we could drink. tracy: we should go shop first, really good sales. >> probably line. there are good sales online. tracy: learn so much about your colleagues. love it. lori: so what happens to america's credit rating if we do go over the fiscal cliff? you will recall last year's debt ceiling...
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72
Dec 11, 2012
12/12
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with the response to sandy a is warranted? >> should fema and get mooe money? >> you hate to say nobody wants them to be efficient with their distribution. neil: -- fema needs to look at their mistakes it is dangerous. they have not learned anything. they should get on top of this get the people housing and tell the house are rebuilt. >> you know, because it is your home. i am not oblivious. >> why does the administration get a pass? >> the story was written a great response maybe it was bereday number six it was terrible. number 10 and number 12 there were closing the office. the narrative losses amid tender of a. this should not be the way to respond in the future. we should learn. you always make mistakes but always looked how we cure those for the future. you wonder how much have they fixed? >> neil: switch gears on the budget impasse talk the fiscal cliff for the brink. many say republicans give away the store. >> if they do, they are with tax hikes but no reduction of spending then they give away the store. >> they have to enforce the promise. neil: that
with the response to sandy a is warranted? >> should fema and get mooe money? >> you hate to say nobody wants them to be efficient with their distribution. neil: -- fema needs to look at their mistakes it is dangerous. they have not learned anything. they should get on top of this get the people housing and tell the house are rebuilt. >> you know, because it is your home. i am not oblivious. >> why does the administration get a pass? >> the story was written a...
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Dec 11, 2012
12/12
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many analysts are still blaming the effects of hurricane sandy. both surveys are saying prices will fall even further by the end of the year. mey christm. chigan, that earth place of unions might be a work to write state as early atomorrow. en the governor is set to sign a newly passed leslation. not stopping president obama from weighing in. slamming the bill as they give workers the right to work ls money. more on this, thank you f being with us. this goes bac back to the tax hy act. states have a rit to dthis, right? it see really odd to mthe president is getting involved at the state level like this. >> you're absolutely right. one thing that should be ned out thission becomes the 24th right to work state, over the last decade right-to-work states have seen a net increase of 3.6 million jobs. union stes have seen a net decrease of 1 million jobs. this is a good thing, the voters voted forhis wn they knocked down a proposition on the ballot in 2012 essenally trying to enshrine union rightwith the state constitution. that is what they want to do
many analysts are still blaming the effects of hurricane sandy. both surveys are saying prices will fall even further by the end of the year. mey christm. chigan, that earth place of unions might be a work to write state as early atomorrow. en the governor is set to sign a newly passed leslation. not stopping president obama from weighing in. slamming the bill as they give workers the right to work ls money. more on this, thank you f being with us. this goes bac back to the tax hy act. states...
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Dec 27, 2012
12/12
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-- hurricane sandy. a book planned for 5 to 30 p.m. eastern on at least one. and the senate will swear in their replacement for senator inouye. the former democratic lieutenant governor was chosen by the governor for the seat. the houses that line at 2:00 eastern. right now, a pro forma session plan with no blood is little work expended but the agenda could change based on the status of the fiscal cliff negotiations. and we got a special book page setup for things related to the so-called fiscal cliff. you can watch video of hearings and briefings and there is a live twitter stream of comments from viewers and reporters and a resource area with related documents and links, all lacked c-span.org/fiscal cliff. >> the soviets but the missiles in cuba. the united states discovers that by surveillance and then the tension builds. we have a quarantine -- quarantine around cuba. one thing that happens is a soviet submarine is found by american ships and they start to drop the assault charges -- depth charges on
-- hurricane sandy. a book planned for 5 to 30 p.m. eastern on at least one. and the senate will swear in their replacement for senator inouye. the former democratic lieutenant governor was chosen by the governor for the seat. the houses that line at 2:00 eastern. right now, a pro forma session plan with no blood is little work expended but the agenda could change based on the status of the fiscal cliff negotiations. and we got a special book page setup for things related to the so-called...
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Dec 19, 2012
12/12
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also, hurricane sandy emergency workers. lou: our hearts go out to all who lost their lives, who have suffered so much. whether it be in newtown, connecticut, or new york were so many still suffer. we are a nation that seems to be, whether it be by the leadership of our elected officials, whether it be the president or others, we seem to be focusing on victimization. we seem to be focusing on victims rather than those who are prevailing. we are focusing less on what we do with honor and great, great sacrifice to achieve much. instead, we seem to be focusing on those that would limit us and that that which is the worst among us. lori: you have focused any times about leadership and lack thereof. interesting that time .2 a leader. lou: i hope not too many people are. lori: my point is, we do not have a choice at this point. lou: well, we do. the president, after all, is just the president. the speaker is just a speaker. we are fundamentally americans. americans are despite all still a classless society. people are trying to di
also, hurricane sandy emergency workers. lou: our hearts go out to all who lost their lives, who have suffered so much. whether it be in newtown, connecticut, or new york were so many still suffer. we are a nation that seems to be, whether it be by the leadership of our elected officials, whether it be the president or others, we seem to be focusing on victimization. we seem to be focusing on victims rather than those who are prevailing. we are focusing less on what we do with honor and great,...
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133
Dec 14, 2012
12/12
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we have been recently reminded of this after hurricane sandy, which caused unprecedented damage. after efforts to restore services, we saw a picture of how the central the northeast corridor is to put the economy and a way of life. it makes you think, what of alexander, the president of the pennsylvania railroad, would have thought in the 19th century? today pence station accommodates 550,000 passengers today. in 1900, those tunnels were called to expensive, impossible to build. some of his shareholders thought he was nuts, but can you imagine new york today without it? cyndi showed us what new york was without it. it is up to us to create division to do the planning, to execute the project that will ensure we hold true to the basic promise come as the secretary said last week that the america is greater and stronger than the mayor cut our parents left for us, i look forward to answering your questions. >> thank you. i have one quick thing. have you read that book? , yes i have come out with great interest. you are recognized. welcome back. >> thank you, and thank you for your se
we have been recently reminded of this after hurricane sandy, which caused unprecedented damage. after efforts to restore services, we saw a picture of how the central the northeast corridor is to put the economy and a way of life. it makes you think, what of alexander, the president of the pennsylvania railroad, would have thought in the 19th century? today pence station accommodates 550,000 passengers today. in 1900, those tunnels were called to expensive, impossible to build. some of his...
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Dec 7, 2012
12/12
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according to mark sandy -- mark zandi, without the f.h.a.'s at cyclical part, the housing market would have taken the economy with it. all with providing the backstop. the losses at f.h.a. stem from the now prohibited -- down payment program. heavy losses in the reverse mortgage program and losses and loans made at the height of the crisis to prevent -- of the housing market. while hud has taken some action to prevent the mutual mortgage insurance fund for single family loans from taking federal funds, the f.y. 2012 report suggests that much more needs to be done to prevent such a draw. i want to hear more today about the administration's actions and proposals to manage the risks to taxpayers stemming from -- of business and what safeguards will ensure the quality and sustainability of the new books going forward. the administration's actions and proposals will not be sufficient to restore f.h.a.'s fiscal health. then i plan to work with my colleagues and both sides of the aisle on the banking committee to find a bipartisan way to make that h
according to mark sandy -- mark zandi, without the f.h.a.'s at cyclical part, the housing market would have taken the economy with it. all with providing the backstop. the losses at f.h.a. stem from the now prohibited -- down payment program. heavy losses in the reverse mortgage program and losses and loans made at the height of the crisis to prevent -- of the housing market. while hud has taken some action to prevent the mutual mortgage insurance fund for single family loans from taking...
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133
Dec 7, 2012
12/12
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according to mark sandy, chief economist at moody's analytics, without the f.h.a.'s counter cyclical support, and i quote, the housing market would have quit taking the economy with it. providing the backstop for mortgage credit when public services flee from the market has a cost. the losses at f.h.a. to stem from the new now prohibited down payment program, heavy losses in the first mortgage program, and losses -- loans made at the height of the crisis to prevent a collapse of the housing market. while they have already taken action to pretext the financial mortgage fund for single family loans from seeking federal funds, the f.y. 2012 report suggests that much more needs to be done to prevent such a draw. i want to hear more today about the administration's actions and proposals to minimize the risk to taxpayers stemming from their business and what safeguards are in place to ensure the quality and sustainability of the program. if the administration's actions and proposals will not be sufficient to restore f.h.a.'s fiscal health, i'm inclined to work with my col
according to mark sandy, chief economist at moody's analytics, without the f.h.a.'s counter cyclical support, and i quote, the housing market would have quit taking the economy with it. providing the backstop for mortgage credit when public services flee from the market has a cost. the losses at f.h.a. to stem from the new now prohibited down payment program, heavy losses in the first mortgage program, and losses -- loans made at the height of the crisis to prevent a collapse of the housing...
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279
Dec 7, 2012
12/12
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CNBC
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eye 279
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now, again, back to hurricane sandy. from the commissioner's statement, the storm we saw happen on october 29th, the next pay period ended on november 12th. the way bls essentially keeps score it says workers have to be off work for the entire pay period to be counted on the negative side. on the household survey side, persons who missed work for weather-related events are counted as employed whether or not they are paid for the time off. we did have a drop in the labor force participation rate, down 0.2 to 63.6%. how did we get to 7.7% unemployment? basically the number of unemployed persons dropped more than the number of employed and there were downward trends in both those categories. lots to chew on. back to you guys. >> hampton, thank you. we are kind of scratching our heads. let's get more reaction from our panel. mark zandi and jared bernstein are here with us. mark, what do you make of this number? we've set this up as numbers were not going to be things we watched closely because of sandy. >> i'd say two things
now, again, back to hurricane sandy. from the commissioner's statement, the storm we saw happen on october 29th, the next pay period ended on november 12th. the way bls essentially keeps score it says workers have to be off work for the entire pay period to be counted on the negative side. on the household survey side, persons who missed work for weather-related events are counted as employed whether or not they are paid for the time off. we did have a drop in the labor force participation...
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125
Dec 15, 2012
12/12
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it is then reported that 20 children died in the massacre at sandy hook elementary. participants called on president obama to address gun violence in the nation. this is about five minutes. baba bar >> today is the day. >> today is the day. >> today is the day. >> today is the day. >> today is the day. >> today is the day. >> today is the day. >> today is the day. >> before we offer our last prayer, we will pause for a moment of silence. all of us that hand candles, we will ask you to lift the candles as a prayer to the 18 beautiful innocent children who have lost their lives today. to the adults who were in that building tasked with teaching them, let us pause for a moment of silence. let us lift up our candles as a light shining in darkness, as a light shining in darkness across this country, that we can change the worst conditions of our country. together we can change the pain into joy. together we can change the sorrow into gladness. today we can change this moment together. lift up those lights, my brothers and sisters, lift them high. let our light shine so ev
it is then reported that 20 children died in the massacre at sandy hook elementary. participants called on president obama to address gun violence in the nation. this is about five minutes. baba bar >> today is the day. >> today is the day. >> today is the day. >> today is the day. >> today is the day. >> today is the day. >> today is the day. >> today is the day. >> before we offer our last prayer, we will pause for a moment of silence. all...
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Dec 27, 2012
12/12
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the senate is going to try to finish work on a sandy disaster aid supplemental bill which they have been trying to get done for weeks. they are hoping to finish that today and also trying to work on a foreign intelligence surveillance act authorization extension. there's enough on the floor to keep them busy. the question is whether they will have something to vote on may be on christmas eve. on sunday joe lieberman indicated we would all be working new year's eve. we will see that happens. host: merideth shiner, thanks for your time. we appreciate the update on the fiscal cliff. here is "politico" -- a lot of similar headlines in other publications this morning. we want to hear from business owners on the fiscal cliff and if it is affecting your plans for 2013. you can see the numbers on the screen. business owners only. small or large businesses. from the hill newspaper -- that's from the hill newspaper this morning. finally, from "politico" -- our first call this morning, from business owners only, about your views on the fiscal cliff, comes from jim in hot springs national park, arka
the senate is going to try to finish work on a sandy disaster aid supplemental bill which they have been trying to get done for weeks. they are hoping to finish that today and also trying to work on a foreign intelligence surveillance act authorization extension. there's enough on the floor to keep them busy. the question is whether they will have something to vote on may be on christmas eve. on sunday joe lieberman indicated we would all be working new year's eve. we will see that happens....
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1.3K
Dec 10, 2012
12/12
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melissa: so is global warming to blame for hurricane sandy, right? former vice president al gore thinks so and blames president obama for not doing enough to fix it. >> it is causing these extreme weather events. dirty energy causes dirty weather. and we have to come to our senses and do something about it. i deeply respect our president. i'm grateful for the steps that he has taken but we can not have four more years of mentioning this occasionally and saying it's too bad that the congress can't act. melissa: but then, colorado state university researchers out today with a report that says hurricane sandy was not influenced by global warming and lou dobbs is here now to weigh in. >> so i tell you, what is all that with, he wasn't that animated at any point --. melissa: that was nicest part of the speech. i watched the whole thing. he got really agitated. he said our atmosphere is open sewer. yeah, i don't know. >> he ought to look at the colorado state survey which shows over two periods, one in which there was very little carbon dioxide, that is 18
melissa: so is global warming to blame for hurricane sandy, right? former vice president al gore thinks so and blames president obama for not doing enough to fix it. >> it is causing these extreme weather events. dirty energy causes dirty weather. and we have to come to our senses and do something about it. i deeply respect our president. i'm grateful for the steps that he has taken but we can not have four more years of mentioning this occasionally and saying it's too bad that the...
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59
Dec 28, 2012
12/12
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FBC
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eye 59
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look at senate floor, they are debating an emergency 60 billion-dollar spending bill for hurricane sandy relief, it is a bit conversional it include something spending items that had nothing to bowith the storm or the victims like a new roof for the smithsonian. we'll keep you posted. >> coming up, fists are flying, newports could be closing. the union fight that could hit you right in your wallet. then, why if you are pretty, things could get ugly. it now is legal to fire women just because they look like kate upton. tom: thousands of dockworkers are threatening to walk out of ports this weekend. jonathan gould said this strike would make things worse. jonathan, what is the impact to the retailers? >> thank you very much, tom, impact for not only retail industry but all industries rely on the ports for imports and exports will be significant if they are allowed to shut down for any length of time witness once the contract expires this weekend. tom: from department stores to lumber, and auto, will one be hurt worse? >> this will be widespread across all industries, including retail, manu
look at senate floor, they are debating an emergency 60 billion-dollar spending bill for hurricane sandy relief, it is a bit conversional it include something spending items that had nothing to bowith the storm or the victims like a new roof for the smithsonian. we'll keep you posted. >> coming up, fists are flying, newports could be closing. the union fight that could hit you right in your wallet. then, why if you are pretty, things could get ugly. it now is legal to fire women just...
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221
Dec 29, 2012
12/12
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MSNBCW
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in new or len, for example, after katrina, just like after sandy up here in new jersey and new york, a city turned into the largest construction site in the world. right? an entire city. and what happened? workers who were sourced through temp agencies last year in our membership, their two-person household income was 7,500 a year. they are bargaining for higher wages and if they succeed, they will be earning 20 to $40 an hour in that industry. that will lift conditions. that will be the rising tide. >> but, look, unless that changes the share that has to come out of some other worker's pocket. that's where the union worker's wage came from, was from the minority. >> people -- minority made extraordinary less and that essentially -- >> let me say this. >> this is a -- in economics this is very old. in early stages whenever they would trade unions, there were people who said there's a fixed pot for a worker to get. those who make a union and get it will deprive others and radicals, of whom i'm a part, had to come in and say there's nothing fixed about what labor gets. and you need to
in new or len, for example, after katrina, just like after sandy up here in new jersey and new york, a city turned into the largest construction site in the world. right? an entire city. and what happened? workers who were sourced through temp agencies last year in our membership, their two-person household income was 7,500 a year. they are bargaining for higher wages and if they succeed, they will be earning 20 to $40 an hour in that industry. that will lift conditions. that will be the rising...
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Dec 26, 2012
12/12
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FBC
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eye 92
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superstorm sandy hid the regions of the country where we saw the biggest dropoff in spending in that period between october 28th and dec. 20 fourth. there were some rebounds. shopping came back in the last part of holiday shopping season until christmas eve but it was not sufficient to get back on track to what everyone expected. dennis: thank you. with weaker than expected retail numbers we will be heading into a recession next year. shibani: jim laventhol says in many ways yes, but it won't be a disaster. welcome to the show. you heard what adam said, that the consumer which accounts for 70% of the gdp, spending, they are pulling back and pulled back this year and during holiday shopping season. how close are we to start getting into this talk of getting into recession again? >> we're pretty close by i appreciate your pudding a qualifier that we don't have to go into a panic. there are a couple reasons for that. if you look at the stock market which is mainly where people place risk bets on growing their assets it is arguably fairly priced, somewhere between 13 times and 14 times t
superstorm sandy hid the regions of the country where we saw the biggest dropoff in spending in that period between october 28th and dec. 20 fourth. there were some rebounds. shopping came back in the last part of holiday shopping season until christmas eve but it was not sufficient to get back on track to what everyone expected. dennis: thank you. with weaker than expected retail numbers we will be heading into a recession next year. shibani: jim laventhol says in many ways yes, but it won't...
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Dec 26, 2012
12/12
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recently when hurricane sandy hit it caused a blizzard in elkins, west virginia, all the crew that joined me, our camera crew ourself, we layered our clothing but we endured three feet of snow in a snow blizzard condition. so the right thing to do was make sure we got in and out to stay warm. what is your advice on people caught in this blizzard going across the country, the significance of this snowfall that's happening? >> well, i think certainly if you don't have to be out in it, stay at home and stay off the roadways. kelly: good advice. >> i think if you do have to be out in it, be out with a partner, with someone who can watch over you and you watch over them and make sure you do take care to notice signs and symptoms. kelly: a fair warning to those of you who are out there in these kinds of elements, be careful when you're near trees, they will snap, they can fall and can cause serious injury and if not even cause death. doc, thanks. >> thank you so much for having me today. kelly: all right, thank you. jamie: stoves are not heaters. kelly: exactly. very good point. jamie: i was th
recently when hurricane sandy hit it caused a blizzard in elkins, west virginia, all the crew that joined me, our camera crew ourself, we layered our clothing but we endured three feet of snow in a snow blizzard condition. so the right thing to do was make sure we got in and out to stay warm. what is your advice on people caught in this blizzard going across the country, the significance of this snowfall that's happening? >> well, i think certainly if you don't have to be out in it, stay...
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Dec 20, 2012
12/12
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claims numbers are messy because of sandy. we have the holidays in there it is hard to get a clear view what is going on in the labor market from the claims data this time of year. there is good news. there is one area clearly going to do better in 2013 and that's housing. housing numbers we got to date were spectacular. existing home sales rose 5%. over five million unit annual rate. distressed sales. foreclosures and short sales, bank sales, fell to the lowest share that we've seen since the recession. so, we're, we've seen traditional buyers come back to the market. the inventory of unsold homes has dropped to the lowest level since way back in 2005. we're seeing real improvement in housing and that should keep us out of the ditch in 2013 even if, even if the government messes things up a little bit. ashley: prices still have a way to go though, don't they, mark, from pre-financial crisis levels. until they really get back i don't think we'll ever get back to those levels but until we get a lot more appreciation in price co
claims numbers are messy because of sandy. we have the holidays in there it is hard to get a clear view what is going on in the labor market from the claims data this time of year. there is good news. there is one area clearly going to do better in 2013 and that's housing. housing numbers we got to date were spectacular. existing home sales rose 5%. over five million unit annual rate. distressed sales. foreclosures and short sales, bank sales, fell to the lowest share that we've seen since the...
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Dec 26, 2012
12/12
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this is a picture of the original request for money to recover from sandy. you can see lawmakers actually wrote by hand a request for an extra $5 million for southern states affected by hurricane isaac. they also requested an additional 400 million for areas affected by storms since 2011. the senate will vote on the bill later this week. rick? >> rick: there has been so many storms that have caused so much damage. really big storms right now that we're dealing with, winter storm warning and blizzard warnings and freezing rain warnings are currently in effect. 6 to 9 inches of snow are expected in the city. take a look at your temperatures right now across the northern plains. 22 in dallas. dallas, you got snow, major snow across areas of arkansas. energy is reporting 190,000 people still without power in arkansas from the storm. severe storms also the case, you see that line of storms moving across parts of florida now and georgia, it's going to get worse this afternoon. snow also continuing to fall and getting reports on twitter of someone saying they got 2
this is a picture of the original request for money to recover from sandy. you can see lawmakers actually wrote by hand a request for an extra $5 million for southern states affected by hurricane isaac. they also requested an additional 400 million for areas affected by storms since 2011. the senate will vote on the bill later this week. rick? >> rick: there has been so many storms that have caused so much damage. really big storms right now that we're dealing with, winter storm warning...
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Dec 10, 2012
12/12
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CSPAN2
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and as we learned given that sandy, super storm sandy kourbgd just a few -- occurred just a few days close to the election, contingency plans for voting in the event of natural or other disaster that compels the delay of an election. these are the big areas mentioned in this fast voting act making it easier to register, making it easy to vote early, make it go easier to vote absentee, shortening lines, better preparing for catastrophes, making it easier for americans to exercise their right to tote. this is a good -- their right to vote. this is a good one. and i think i'm working with a host of civil rights and voter protection groups. it encourages states and localities to find new, creative and local solutions that other states can learn from. mr. president, as you know, in my service prior to coming to this body, i was a county executive and long active with naco, the national association of counties. counties have different roles in different states thr-fplt's mor- there's more than 3,000 counties spread across our 50 states but in most states they are responsible in part for ad
and as we learned given that sandy, super storm sandy kourbgd just a few -- occurred just a few days close to the election, contingency plans for voting in the event of natural or other disaster that compels the delay of an election. these are the big areas mentioned in this fast voting act making it easier to register, making it easy to vote early, make it go easier to vote absentee, shortening lines, better preparing for catastrophes, making it easier for americans to exercise their right to...
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Dec 7, 2012
12/12
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senator from new jersey been a very important and passionate argument about the effects of hurricane sandy. in pennsylvania we had significant damage, but exclusively almost entirely from wind damage. millions lost power, but the damage was incomparable to the damage compounded by the water damage done along the shore. i'm looking forward to see the supplemental well-crafted and i hope properly outside because we also have a fiscal crisis of enormous magnitude. necessary spending to address emergencies is very real. it's really important at the outset. thank you, mr. chairman. >> i would like to thank secretary donovan for his testimony and for being here with us today. the financial stability of the fha is an issue the committee does not take lightly and we will continue this dialogue to take action where necessary to protect taxpayers. we appreciate your testimony, mr. secretary. this hearing is adjourned. >> thank you, mr. chairman. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] >> the supreme court will
senator from new jersey been a very important and passionate argument about the effects of hurricane sandy. in pennsylvania we had significant damage, but exclusively almost entirely from wind damage. millions lost power, but the damage was incomparable to the damage compounded by the water damage done along the shore. i'm looking forward to see the supplemental well-crafted and i hope properly outside because we also have a fiscal crisis of enormous magnitude. necessary spending to address...
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Dec 26, 2012
12/12
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CNBC
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among the reasons cited for the weaker numbers, superstorm sandy and consumer nervousness about tax hikes due to the fiscal cliff. we've had lots of conversation about whether not fiscal cliff would impact consumer sentiment. and apparently now it's actually hitting people in the wallet. let's talk about what's on the economic agenda today. one very important report to watch, standard and poor's releasing the case schiller index on october home sales at 9:00 eastern. it's a busy week for housing data. tomorrow we're going to be getting the commerce department which releases new home sales for november. then on friday, the national association of realtors, not realtors -- >> yeah. >> releases its spending. its pending home sales index for november. >> in other housing news, the obama administration is considering expanding its mortgage refinancing program to include borrowers whose mortgages are not backed by the government and who owe more than their homes are worth. "the journal" reports one proposal being considered would also transfer potentially riskier loans that are held by private
among the reasons cited for the weaker numbers, superstorm sandy and consumer nervousness about tax hikes due to the fiscal cliff. we've had lots of conversation about whether not fiscal cliff would impact consumer sentiment. and apparently now it's actually hitting people in the wallet. let's talk about what's on the economic agenda today. one very important report to watch, standard and poor's releasing the case schiller index on october home sales at 9:00 eastern. it's a busy week for...
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Dec 27, 2012
12/12
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FOXNEWSW
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the town moving forward with plans for a permanent memorial honoring the 26 victims of the sandy hook massacre. all the flowers, letters, photos, teddy bears, all of those things you see around newtown will be turned into soil and blocks to be used in the foundation of a future memorial. >>> senseless crime interrupt ago wounded marine's homecoming in illinois. this is unbelievable. lance corporal chris van etten lost both legs in afghanistan. he woke up on christmas eve morning and he found racist graffiti painted on the side of his house. >> to have what was spray painted hurts and it hurts that it was now. >> what really made it better was neighbors coming out that i didn't even know coming and helping, taking supplies and coming to help wash it off. >> juliet: the family is saying they're hopeful police will make an arrest soon. >>> bentley motors playing the role of the grump this christmas. the auto maker firing its long-time christian chaplain days before the holiday. they decide not to upset nonchristians. many workers say they're distraught and trying to get the chaplain rein
the town moving forward with plans for a permanent memorial honoring the 26 victims of the sandy hook massacre. all the flowers, letters, photos, teddy bears, all of those things you see around newtown will be turned into soil and blocks to be used in the foundation of a future memorial. >>> senseless crime interrupt ago wounded marine's homecoming in illinois. this is unbelievable. lance corporal chris van etten lost both legs in afghanistan. he woke up on christmas eve morning and he...
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Dec 27, 2012
12/12
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all of a sudden then, we had the impacts of sandy, a tragedy up in newtown, connecticut, and just a lot of other factors that just put a damper on the season. >> so, it is fair to say that it started better than it ended now. >> it started better than it ended. there was a lot of excitement around black friday. i mean it was almost like the super bowl. they have all this advertising, drag people out, it's the biggest event of the year come shopping, and then week after that we had the pro bowl. there was no excitement. there was no reason to come out shopping. so big bang, but it kind of waned as we went into the season. >> how much of the season is in the books now? i mean, what's still left to happen? >> there's a couple of big days still coming. i think this weekend is a big weekend as people redeem gift cards, go into the stores, exchange items for what they're looking for. hopefully get that add-on sale and people start to take advantage of the clearance sale, i would say, though, 95% of it is in the books. we've probably got some strong days ahead of us, though, that could move it
all of a sudden then, we had the impacts of sandy, a tragedy up in newtown, connecticut, and just a lot of other factors that just put a damper on the season. >> so, it is fair to say that it started better than it ended now. >> it started better than it ended. there was a lot of excitement around black friday. i mean it was almost like the super bowl. they have all this advertising, drag people out, it's the biggest event of the year come shopping, and then week after that we had...